Peloton Minerals Corporation (PMC) was quick to recognise the potential for new lithium clay deposits on its acreage following Surge Battery Metals' discovery next door. Over the last couple of years, the company has been systematically exploring the true potential of the lithium opportunity at its North Elko Lithium Project (NELP). Nevada’s large lithium clay deposits are emerging as the backbone of future US lithium supply. Federal policy support, strategic investment, and the large scale of these deposits are driving this shift. First into production is Lithium America’s Thacker Pass Lithium Project, which has received US$2.6bn backing from the US DoE and US$1bn from GM.